Suraj MD, chairman and AGM
NSE: SURAJLTDBSE: 531638Industrial ProductsSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹212.44.
30 Oct: open ₹213.00, high ₹213.00, low ₹196.52
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹366 Cr1,928th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 34.09
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.53
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.75%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 7.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.49
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 21,55896.9% delivered
Suraj's chairperson is ASHOK TARACHAND SHAH and its managing director KUNAL TARACHAND SHAH, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 26 Jun 2026.
Suraj board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonASHOK TARACHAND SHAHRelated to the promoter
- Managing directorKUNAL TARACHAND SHAH
8 directors4 independent4 executive
- ASHOK TARACHAND SHAH · ChairpersonExecutive · joined Jan 1994 · reappointed Jul 2018 · 1 listed board
- KUNAL TARACHAND SHAH · Managing directorExecutive · joined Jan 1994 · reappointed Sep 2022 · 1 listed board
- GUNVANTKUMAR TARACHAND SHAHExecutive · joined Jan 1994 · reappointed Mar 2026 · 1 listed board
- SHILPA MANGALDAS PATELExecutive · joined Nov 2014 · reappointed Nov 2022 · 1 listed board
- ALTESH JAYANTILAL SHAHIndependent · joined Oct 2023 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- JIGAR JAGRUTKUMAR MEHTAIndependent · joined Oct 2023 · 35 months as independent · 1 listed board · 1 as independent
- SAHARSH RAJESHBHAI GANDHIIndependent · joined Jan 2025 · 20 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SANJAY DAYALJI KUKADIAIndependent · joined Jan 2025 · 20 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- ANIL KANWAL GIDWANI, left 20 Jan 2025: Others
- RAJESH CHIMANLAL KHARADI, left 20 Jan 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 Jul 20268 of 8 present4 independent · 21 days in between
- 1 Jul 20268 of 8 present4 independent · 54 days in between
- 7 May 20268 of 8 present4 independent
Audit Committee
Chair ALTESH JAYANTILAL SHAH
SANJAY DAYALJI KUKADIA, SAHARSH RAJESHBHAI GANDHI
- 23 Jul 20263 of 3 present3 independent · 76 days in between
- 7 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair SAHARSH RAJESHBHAI GANDHI
SANJAY DAYALJI KUKADIA, JIGAR JAGRUTKUMAR MEHTA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair SAHARSH RAJESHBHAI GANDHI
SANJAY DAYALJI KUKADIA, ALTESH JAYANTILAL SHAH
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair ASHOK TARACHAND SHAH
SHILPA MANGALDAS PATEL, ALTESH JAYANTILAL SHAH, SAHARSH RAJESHBHAI GANDHI
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/S Rinkesh Shah & Co.Peer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Suraj AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Suraj dividend history
Annual general meeting, 26 Jun 2026
2,856 shareholders on the register on 19 Jun 2026; present: 12 promoters and 13 others; votes counted by Hardikkumar Dhirubhai Jetani / HARDIK JETANI & ASSOCIATES.The company's voting result
(a) To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon and (b) To receive, consider and adopt the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with Auditors Report thereon;MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.08% · promoters 95.97% · institutions 0.00% · other public 24.43%
- To appoint a director in place of Mr. Kunal Tarachand Shah (DIN: 00254205) who retires by rotation and being eligible offers himself for re-appointment.Ordinary97.83% for2.17% against
Against: promoters 0.00% · institutions 0.00% · other public 27.75%
Turnout: all 78.08% · promoters 95.97% · institutions 0.00% · other public 24.43%
- TO RATIFY THE REMUNERATION PAYABLE TO THE COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR ENDING ON MARCH 31, 2027Ordinary97.83% for2.17% against
Against: promoters 0.00% · institutions 0.00% · other public 27.75%
Turnout: all 78.08% · promoters 95.97% · institutions 0.00% · other public 24.43%
- Approval of Material Related Party Transaction with TBS Metal Private LimitedOrdinaryPromoters have an interest in it97.83% for2.17% against
Against: promoters 0.00% · institutions 0.00% · other public 27.75%
Turnout: all 78.08% · promoters 95.97% · institutions 0.00% · other public 24.43%
- Approval of Material Related Party Transaction with Suraj Enterprise Private LimitedOrdinaryPromoters have an interest in it97.83% for2.17% against
Against: promoters 0.00% · institutions 0.00% · other public 27.75%
Turnout: all 78.08% · promoters 95.97% · institutions 0.00% · other public 24.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Jul 2025, 9 resolutions
2,885 shareholders on the register on 4 Jul 2025; present: 12 promoters and 12 others; votes counted by Hardikkumar Dhirubhai Jetani / HARDIK JETANI & ASSOCIATES.The company's voting result
(a) The Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon. (b) The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of the Auditors thereon.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To appoint a director in place of Mr. Ashok Tarachand Shah (DIN: 00254255) who retires by rotation and being eligible offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To ratify the remuneration payable to the cost auditors of the company for the financial year ending on March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To Approve Remuneration of Mr. Gunvantkumar Tarachand Shah (DIN: 00254292), as Whole-Time Director and Vice Chairman of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- Re-appointment of Mr. Gunvantkumar Tarachand shah (DIN: 00254292), as whole-time director and vice chairman of the company and payment of remuneration to him.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To Approve Remuneration of Mr. Ashok Tarachand Shah (DIN: 00254255), Chairman Executive Director, & CFO Of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To Approve Remuneration of Mr. Kunal Tarachand Shah (Din: 00254205), Managing Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To Approve Remuneration of Ms. Shilpa Mangaldas Patel (DIN: 07014883), Whole time Director Of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
- To Appoint M/S. Hardik Jetani & Associates as Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 79.72% · promoters 100.00% · institutions 0.00% · other public 18.89%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 Apr 2025, 2 resolutions
2,947 shareholders on the register on 28 Feb 2025; votes counted by Hardikkumar Dhirubhai Jetani / HARDIK JETANI & ASSOCIATES.The company's voting result
- 1.To Approve Appointment of Mr. Saharsh Rajeshbhai Gandhi (DIN: 09409449) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.00% · promoters 100.00% · institutions 0.01% · other public 0.00%
- To approve Appointment of Mr. Sanjay Dayalji Kukadia (DIN: 09116868) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 75.00% · promoters 100.00% · institutions 0.01% · other public 0.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.